Tech Mahindra Ltd, which is undergoing a transformation, saw decent performance in the September quarter (Q2FY25). True, expectations were quite low. Still, a gradual revival in key verticals was welcome. Sequential constant-currency revenue grew 0.7% in Q2FY25 – beating the consensus estimate of 0.4% – led by the communication vertical, followed by hi-tech, and banking, … Read more
These heavyweights—HDFC Bank, Reliance Industries, ITC, TCS, Infosys, and Kotak Mahindra Bank, collectively known as Hritik on Dalal Street, account for 40% of the Nifty 50 index. View Full Image … Data compiled by DSP MF shows that the market capitalization share of the top ten Nifty companies is hovering around 20%, an all-time low … Read more
In the holiday-shortened week, the combined market valuation of eight of the top 10 most valued firms surged by ₹2,10,330.26 crore, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) leading the gains. The BSE benchmark index increased by 85.31 points, or 0.10%, and the 30-share BSE Sensex reached a new all-time … Read more
Infosys share price is expected to rise on Friday after its US-listed shares witnessed a sharp rally overnight after the announcement of its Q1 results. Infosys American depository receipts (ADRs) rallied over 8% on the New York Stock Exchange (NYSE) Thursday after the IT services major beat its revenue estimates for the first quarter of … Read more
Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by ₹1,06,125.98 crore. HDFC Bank and ICICI Bank emerged as the largest gainers. The BSE benchmark Sensex rose by 217.13 points or 0.28 per cent over the week. Among the top-10 firms, HDFC Bank, ICICI Bank, … Read more
And since it can get tough finding such experts, companies would like any such experts they find to also be capable of developing AI workshops and courses for their other not-as-skilled employees. The competition is fierce, with firms offering 40% salary hikes to lure AI specialists with five-six years of experience at product companies. Sectors … Read more
IT stocks are in focus as the top Indian software companies, Tata Consultancy Services (TCS), Infosys, Wipro and Persistent Systems, have announced their Q4 results. The Nifty IT index, the benchmark that gauges the performance of IT stocks, has failed to give any return in the year 2024 so far. The Nifty IT index has … Read more
The combined market valuation of seven out of the ten most valued companies surged by ₹59,404.85 crore during the holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers, PTI reported. In the ranking of top-10 firms, Reliance Industries (RIL) maintained its position as the most valued company, followed by Tata … Read more
In an unprecedented rally, the BSE benchmark climbed by 374.04 points or 0.50% last week, setting new records. Markets remained closed on Friday for Mahashivratri festivities. Also read: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week The 30-share BSE Sensex closed at a historic … Read more